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Fomento Económico Mexicano, S.A.B. de C.V. - $FMX STOCK NEWS

Welcome to our dedicated page for Fomento Económico Mexicano, S.A.B. de C.V. news (Ticker: $FMX), a resource for investors and traders seeking the latest updates and insights on Fomento Económico Mexicano, S.A.B. de C.V. stock.

Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a renowned Mexican multinational conglomerate headquartered in Monterrey, Mexico. FEMSA stands out in the beverage and retail sectors across Central and South America, operating the world's largest independent Coca-Cola bottling group and Mexico's largest convenience store chain.

FEMSA is structured into several divisions:

  • Retail Division: This includes OXXO, the leading convenience store chain in Mexico with expanding operations under Proximity Americas and Proximity Europe divisions. The European division includes Valora, which operates convenience and foodvenience formats.
  • Health Division: FEMSA operates drugstores and related activities through this division, alongside Digital@FEMSA, which encompasses digital financial services such as Spin by OXXO and Spin Premia.
  • Beverage Division: Coca-Cola FEMSA, the largest bottler of Coca-Cola products globally by volume, forms a significant part of FEMSA's operations.
  • Strategic Business Unit: This division handles logistics, distribution, point-of-sale refrigeration, and plastic solutions, serving both FEMSA's units and third-party clients.

In 2023, FEMSA divested its 15% stake in Heineken and its distribution business, focusing on its core sectors. Coca-Cola FEMSA and the OXXO chain collectively constituted 75% of FEMSA's total revenue and approximately 90% of its profits in 2023.

FEMSA's latest significant financial move includes a comprehensive Tender Offer to purchase outstanding US$552.83 million worth of 4.375% Senior Notes due 2043, with settlement concluded on November 9, 2023. This is part of FEMSA's strategic initiatives announced in February 2023, aimed at optimizing its business platform.

With over 350,000 employees across 18 countries, FEMSA is committed to creating economic and social value. The company is also recognized for its sustainability practices, featuring in indexes such as the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index.

FEMSA continues to focus on growth through strategic investments and partnerships, strengthening its position as a key player in the beverage and retail industries.

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FAQ

What is FEMSA?

FEMSA, or Fomento Económico Mexicano, S.A.B. de C.V., is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico.

What businesses does FEMSA operate?

FEMSA operates Coca-Cola FEMSA, the largest independent Coca-Cola bottling group, and OXXO, the largest convenience store chain in Mexico. It also has divisions in health, logistics, and digital financial services.

What recent financial moves has FEMSA made?

FEMSA recently completed a Tender Offer to purchase outstanding US$552.83 million of 4.375% Senior Notes due 2043.

What are FEMSA's core business divisions?

FEMSA's core divisions include its Retail Division (OXXO, Valora), Health Division, Beverage Division (Coca-Cola FEMSA), and Strategic Business Unit.

How many employees does FEMSA have?

FEMSA employs over 350,000 people across 18 countries.

What sustainability indexes is FEMSA part of?

FEMSA is part of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index.

What strategic initiatives did FEMSA announce in 2023?

In 2023, FEMSA announced a series of strategic initiatives aimed at optimizing its business platform, including a comprehensive review of its business units and capital structure.

What percentage of FEMSA's revenue comes from Coca-Cola FEMSA and OXXO?

In 2023, Coca-Cola FEMSA and the OXXO chain made up 75% of FEMSA's total revenue and around 90% of its profits.

Has FEMSA divested any major business segments recently?

Yes, FEMSA divested its 15% stake in Heineken and its distribution business in 2023.

What digital financial services does FEMSA offer?

FEMSA offers digital financial services through Spin by OXXO and Spin Premia.

Fomento Económico Mexicano, S.A.B. de C.V.

NYSE:FMX

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190.08B
3.30B
34.95%
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Soft Drink Manufacturing
Manufacturing
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United States of America
Monterrey